Advanced Fire Protection Systems Invests $1.5 Million in Southwest Enterprise Zone
Company Brings 60 Jobs to Halethorpe
Towson, Maryland (July 24, 2013) – Mike Peters, owner of Advanced Fire Protection Systems, relocated his business for one basic reason: he was out of space. Peters needed a larger building to meet the needs of the growing business services company. Advanced Fire Protection Systems provides commercial fire protection and security services, including design, installation, service and inspection of fire alarm protection systems, automatic sprinkler systems, and security systems.
Advanced Fire Protection Systems and its 60 employees have now moved to Baltimore County to a newly renovated building in the Southwest Enterprise Zone. The company invested over $1.5 million in the new Baltimore County location, including purchase and renovation of a 9,200-square-foot building on Monumental Drive in Halethorpe.
$200 Million in New Private Investment
"Over the past 10 years, enterprise zone designation has been a catalyst for more than $200 million in new private investment and creation of over 1,200 jobs in southwest Baltimore County," said Baltimore County Executive Kevin Kamenetz. "Vacant industrial buildings are now thriving manufacturing, logistics and supply chain hubs that take advantage of the area's direct access to interstates and commercial rail."
Southwest Enterprise Zone
The Southwest Enterprise Zone was established by Baltimore County to encourage private investment in underutilized industrial areas. Businesses locating, expanding or hiring new workers in the enterprise zone are eligible for real property and income tax credits.
Baltimore County's Southwest Enterprise Zone includes 180 properties totaling more than 10 million square-feet of industrial, flex and office space. Several major projects in the zone have utilized the real property tax credits to build or renovate buildings, including Bakery Express, Ferguson Enterprises and Hollins End Corporate Park. Many businesses located in the zone also have taken advantage of the income tax credits for hiring new employees.
The County's Southwest Enterprise Zone designation was recently approved for a 10-year extension by the Maryland Department of Business and Economic Development.
"Enterprise Zone designation has helped spur private investment in the older industrial areas of Halethorpe and Arbutus," said Baltimore County Councilman Tom Quirk. "We're pleased to welcome Advanced Fire Protection Systems to our business community."